Review of Bank of Nova Scotia

OCT 10, 2024 - BNS has established itself as a leading bank in the Americas offering a broad range of services and products such as personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. The Bank employs 89,239 workers, has 2,279 branches and offices, and 8,584 automated-banking-machines (ABMs). BNS is the cheapest Canadian Bank and also pays the highest yield. We think further multiple expansion could occur as BNS executes on its strategy and continues to string together earnings beats. With a positive outlook we are maintain our rating of an A-.

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Q: BCE has given up much of its post-dividend-cut rally - not to say that the cut was a bad idea, and maybe there's a support level lurking somewhere here. At the same time, I find myself wondering just what BCE's value proposition could be, now, to make it more attractive than T (or, for that matter, BNS or PPL, which offer similar yields)? Put another way: if investors have no reason to buy BCE other than income, and if declining interest rates are the only meaningful catalyst for share price appreciation, then, post-cut, isn't it at least as likely that it will continue to decline?

Read Answer Asked by John on May 16, 2025

Q: Whats your current favorite financial in Canada ? 2nd choice ? How does IFC fit in ? Thank you.

Read Answer Asked by Paul on May 15, 2025

Q: Hi, I'm considering adding a Canadian bank. I only hold TD. Which bank would you consider to be the best to add at this time for a longtime core holding? I'm thinking of doing a quarter position at this time and build that position over time. Also I started a quarter position in ATD recently and I'm watching it at the moment. Would you consider ATD to be fairly safe at these levels and an attractive stock to increase that position at the current price or wait to see if it's still in the bottoming process. Thank you as always for your expert advice!

Read Answer Asked by Harry on May 14, 2025